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Brewin Dolphin profits rise but funds shrink

Adjusted pre-tax profits at Brewin Dolphin have risen 7 per cent, the wealth manager’s preliminary results show. Excluding items such as the impact of a £33.7m loss in 2014 resulting from a cancelled software launch and a £1.1m FSCS levy rebate, profits rose from £58.4m to £62.2m. However, total funds under management shrunk by £500m […]

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Harries exits Newton for Troy Asset Management

Newton global equity income fund manager James Harries has quit the firm to join Troy Asset Management in a global strategy role. Harries will join the independent fund manager in the new year and will help to manage Troy’s balanced funds range. At Newton Nick Clay, the current lead manager of the BNY Mellon Global Equity Higher Income […]

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Ascentric delays £4m tech upgrade

Ascentric is delaying the launch of its £3.9m technology upgrade until next year to conduct more tests on the software. The technology, called Project Accelerator and provided by Bravura, was originally due to be launched in September 2015, then in October 2014 the date of the launch was postponed to the end of 2015. Ascentric, which is […]

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Govt pushes ahead with plans to name and shame serial tax avoiders

The Government has decided to roll out plans to name and shame serial users of tax avoidance schemes despite concerns the power is unfair and disproportionate. In a consultation paper published in July, the Government set out a raft of proposals aimed at tackling those who “persist in engaging in tax avoidance”. One of the […]

The savvy consumer

In last year’s FCA thematic review of the mortgage market, one of the key things highlighted was the “savvy consumer”. That’s the client who comes in the door with a very clear idea of what they need and expect you to get them it. They don’t think they need advice, they have after all consulted […]

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